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If the voting taxpayers (those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the most...
If the voting taxpayers (specifically, those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the...
Much of mainstream economics holds to the Efficient Market Hypothesis (EMH), which is built on highly unrealistic foundations. The Austrian causal-realist approach has more...
As a true market entrepreneur, as opposed to a political entrepreneur, James J. Hill successfully built a transcontinental railroad, outcompeting his government-subsidized competitors.